“Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.” KnowsEndsKnowledge Author:Edgar Fiedler
“When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.” KnowsAnswersAskingTopicsProbabilityAbsolutely NothingSelectedSampleForecasts Author:Edgar Fiedler
“Ask five economists and you'll get five different answers - six if one went to Harvard.” IfsDifferentHandsAsksAnswersBusinessFiveSixEconomicsEconomistHarvardInsperationalEconomy And Economics Author:Edgar Fiedler
“The herd instinct among forecasters makes sheep look like independent thinkers.” LooksDecisionBusinessMistakeIndependentInstinctThinkerSheepHerdsIndependent Women Author:Edgar Fiedler
“Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.” StatesHumorFunnyGrowthProveStatisticsSense Of HumorEconomistPercentagesProjection Author:Edgar Fiedler
“For economist the real world is often a special case.” WorldRealCasesSpecialReal WorldEconomist Author:Edgar Fiedler
